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Spain is emerging from a protracted recession, marked by a return to moderate growth and rising international competitiveness. Decisive banking and fiscal reforms, coupled with supportive monetary policy from the European Central Bank, have reduced financial tensions and improved public finance.

The Spanish economy is emerging from a protracted recession, marked by a return to moderate growth and rising international competitiveness. To ensure a sustainable recovery and a return to lower levels of unemployment, full implementation of ongoing structural reforms is needed, warned OECD Secretary-General.

Mr. Angel Gurría, Secretary-General of the OECD, was in Spain on 8 September 2014 to present the OECD 2014 Economic Survey of Spain, with the participation of Minister Luis de Guindos. While in Madrid, the Secretary-General held meetings with the Spanish authorities.